Farrow Financial Inc. Cuts Stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Farrow Financial Inc. reduced its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,200 shares of the utilities provider’s stock after selling 4,310 shares during the quarter. Consolidated Water comprises approximately 1.6% of Farrow Financial Inc.’s holdings, making the stock its 24th largest position. Farrow Financial Inc. owned about 0.59% of Consolidated Water worth $2,406,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Consolidated Water by 5.1% during the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after buying an additional 20,394 shares during the period. Inspire Investing LLC purchased a new position in Consolidated Water during the fourth quarter worth $849,000. Charles Schwab Investment Management Inc. boosted its stake in Consolidated Water by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock worth $1,088,000 after buying an additional 1,159 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Consolidated Water during the third quarter worth $608,000. Finally, Barclays PLC boosted its stake in Consolidated Water by 288.8% during the third quarter. Barclays PLC now owns 20,350 shares of the utilities provider’s stock worth $514,000 after buying an additional 15,116 shares during the period. 55.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Consolidated Water

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the chief executive officer now directly owns 271,995 shares in the company, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.87% of the company’s stock.

Consolidated Water Stock Up 2.4 %

NASDAQ CWCO opened at $27.82 on Friday. Consolidated Water Co. Ltd. has a 52 week low of $23.55 and a 52 week high of $33.34. The firm has a market capitalization of $440.53 million, a price-to-earnings ratio of 17.17, a PEG ratio of 2.44 and a beta of 0.19. The company has a fifty day moving average of $26.56 and a two-hundred day moving average of $25.99.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. Consolidated Water’s dividend payout ratio (DPR) is 27.16%.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.